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SFC Fines Zheng Da HK$7 Million Over AML Failures and Suspends Responsible Officer
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded and fined Zheng Da International Financial Holding Limited HK$7 million for a series of regulatory deficiencies involving anti-money laundering and counter-financing of terrorism (AML/CFT) controls, client trading systems, deposits and futures-order monitoring. The regulator has also suspended the licence of Zheng Da’s responsible officer, Zhong Hao, for seven months. His suspension runs from 28 September 2
15 hours ago7 min read
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